Unemployment Rate: Moncton

Industrial Rail Dept: Moncton s unemployment rate has been inching up in recent months and several recent announcements may spell more bad news for the city, according to CBC. Industrial Rail is also experiencing financial problems after it ran into issues with a $109-million contract with Via Rail. The provincial government is now seeking a receiver to be appointed for the company and moncton city officials are staying positive about the local economy despite a series of recent job losses in the public and private sectors. The Canadian Forces announced earlier in April that roughly 300 families at the Moncton Garrison will also be moved over two years, as the base is reduced from four units to one reservist unit (www.immigrantscanada.com). As reported in the news.